[Chart courtesy of MarketWatch.com] Moving the markets The Fed did not cave to recent public pressure exerted by politicians and Wall Street traders but stayed the course and hiked rates ¼%, while also predicting another possible two increases next year down from the previously announced three. While two is better than three, at least in the minds of traders, this …
Another Rally Bites The Dust
[Chart courtesy of MarketWatch.com] Moving the markets Today was a repeat of what we’ve seen a lot of lately. An early rally reversed mid-day, headed south below the unchanged line, but a last-minute bullish push shoved the major indexes back into the green, but only by a tiny margin. The walls of worry remain a deterioration in global growth and …
Markets Get Hammered—More Fireworks Ahead?
[Chart courtesy of MarketWatch.com] Moving the markets The Dow dropped some 300 points right after the opening but managed to recover and return to the unchanged line, before a massive selling bout sent it back down some 500 points. All 3 major indexes lost in excess of 2%. Intra-day, the S&P 500 took out its February low for the year …
ETF Tracker Newsletter For December 14, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/12/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-12-13-2018/ MARKETS ON EDGE: MAJOR INDEXES GET CLOBBERED AGAIN [Chart courtesy of MarketWatch.com] Moving the markets As hard as I tried, there was simply no news item to be found anywhere to support the cause for the bulls. US PMI plunged and confirmed a near-record streak of disappointing global data, US Manufacturing disappointed and has stagnated for …
Zig-Zagging To Nowhere
[Chart courtesy of MarketWatch.com] Moving the markets And the same story continues. An early rally ran into overhead resistance with markets fading the remainder of the session with neither bulls nor bears winning the tug-of-war as the “sell the rip” theme lingered on. The major indexes closed mixed with only the Dow squeezing out a fractional gain, while the S&P …
Giving Back Most Of The Early Gains
[Chart courtesy of MarketWatch.com] Moving the markets An early ramp ran into resistance around mid-day when sentiment turned bearish, and sellers pulled the major indexes not just off their high points but also to a close at the lows of the day. Good thing the clock ran out, or we might have seen another reversal with nothing to show for. …